When a firm is reaping economies of large-scale production, it experiences a fall in its?...
ECONOMICS
JAMB 1998
When a firm is reaping economies of large-scale production, it experiences a fall in its?
- A. long-run marginal cost
- B. long-run average cost
- C. long-run total cost
- D. short-run marginal cost
Correct Answer: B. long-run average cost
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